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Nokia agrees to acquire part of Panasonic's wireless network business

  1. In an effort to boost its operations in Japan, Nokia today announced that it has agreed to acquire part of the Panasonic's wireless networks business. The deal, whose financial details were not disclosed, covers Panasonic's mobile phone (LTE/3G) wireless base...

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  2. EEatGDL

    EEatGDL TS Evangelist Posts: 529   +206

    So that means "Microsoft acquires part of Panasonic's wireless business"?
     
  3. Matt12345170

    Matt12345170 TS Booster Posts: 102   +28

    No, that means Nokia acquires part of Panasonic's wireless business.

    Nokia is still a separate company, they sold a division of their company to Microsoft, not their whole company.
     
    EEatGDL likes this.
  4. EEatGDL

    EEatGDL TS Evangelist Posts: 529   +206

    Oh, OK. Never paid attention to those details so I thought NOKIA was fully absorbed by Microsoft. That's why I found it confusing when it was mentioned as a standalone company. Thx.
     
    Matt12345170 likes this.

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